Following a five-week trial in the District Court of NSW, Mr Peter Alan Gregg of Pyrmont, NSW has been found guilty of criminal charges brought by ASIC. The jury gave its verdict today in the District Court in Sydney.

Mr Gregg was found guilty of two counts of contravening section 1307(1) of the Corporations Act 2001. The jury found that Mr Gregg, a former director and chief financial officer of Leighton Holdings Ltd (LHL), had engaged in conduct which resulted in the falsification of LHL's books.

Mr Russell John Waugh, of Maylands, Western Australia, the former managing director of Leighton Welspun Contractors Pvt Ltd, was found not guilty of one count of aiding and abetting the commission of an offence by Mr Gregg under s1307(1).

Mr Gregg was bailed to appear before the District Court on 31 January 2019.

The matter was prosecuted by the Commonwealth Director of Public Prosecutions (17-020MR).

Editor's note:

On 31 January 2019, a sentencing hearing for Mr Gregg was listed for 23 May 2019. That date was subsequently vacated and the hearing took place 28 May 2019.

Mr Gregg will be sentenced on 30 July 2019 in the District Court of New South Wales.

Editor's note 2:

On 30 July, the Court indicated that Mr Gregg would receive a total effective sentence of two years imprisonment, to be served by way of an Intensive Correction Order. He was sentenced on 29 August and subsequently lodged an appeal (19-196MR). On 30 September 2020, the NSW Court of Criminal Appeal allowed Mr Gregg’s appeal. The Court quashed the verdict of guilty and entered a verdict of acquittal on each count (20-228MR).